Strike Energy Limited · ASX:STX

Strike Energy — Excellence in Oil & Gas Conference 2013

17 slides from Strike Energy's conference presentation, Mar 6, 2013

  1. Slide 1: Excellence in Oil & Gas Presentation

    ASX Announcement Strike Energy Limited ABN 59 078 012 745 6 March 2013 For personal use only OUR FOCUS The Company Announcement Officer ASX Ltd  COOPER BASIN via electronic lodgement 4 million net acres, including over 1 million net acres with unconventional potential EXCELLENCE IN OIL & GAS PRESEN

  2. Slide 2: Excellence in Oil & Gas Conference

    For personal use only EXCELLENCE IN OIL & GAS CONFERENCE Sofitel Wentworth, Sydney 6 March 2013

  3. Slide 3: Strike Energy Overview: Southern Cooper Basin Gas Project

    For personal use only STRIKE ENERGY OVERVIEW SOUTHERN COOPER BASIN GAS PROJECT • 1.55 million gross acres / 927,037 net acres • Estimated mean recoverable prospective resource ~14 Tcf net to Strike • Direct pipeline access • Rapid appraisal and development timeline 2

  4. Slide 4: Strike Energy Overview: Eagle Ford Shale

    For personal use only STRIKE ENERGY OVERVIEW EAGLE FORD SHALE • Joint Venture 38,850 acres leased and committed o 10,680 acres net to Strike • Resource potential of 44 mln boe net to STX • Bigham 1H in production • 2nd Eagle Ford well planned in 2Q 2013 3

  5. Slide 5: Company Overview

    For personal use only COMPANY OVERVIEW • LISTING ASX (ticker STX) • ISSUED SHARES 614,519,664 • UNLISTED OPTIONS 21,175,000 • MARKET CAPITALISATION ~$64.5 million • PRODUCTION (2012/13F) ~110,000 Boe • REVENUE (2012/13F) ~A$4.5 million • NO DEBT 4

  6. Slide 6: Southern Cooper Basin Gas Project

    For personal use only SOUTHERN COOPER BASIN GAS PROJECT Leverage to Eastern Australia’s Gas market 5

  7. Slide 7: Southern Cooper Basin Gas Project

    For personal use only SOUTHERN COOPER BASIN GAS PROJECT • Rapid transition to demand driven gas market in Eastern Australia Northern Territory ~20 PJ • +1,700 PJ/annum will need to be Queensland ~235 PJ produced for domestic and export markets • Urgent requirement for a supply South response at acce

  8. Slide 8: Southern Cooper Basin Gas Project

    For personal use only SOUTHERN COOPER BASIN GAS PROJECT • Multi-Tcf gas resource o Targeting coals  the primary source rock in the basin;  thickest and shallowest Permian coals found in the Cooper Basin • Cost competitive o Shallow, low cost drilling o Straight forward land access o Direct access

  9. Slide 9: Commercialisation Pathway

    For personal use only COMMERCIALISATION PATHWAY 2015 2014 Development 2013 Proof of Concept • Production drilling • Production pilots • Modular facilities Appraisal • Technology trials • Pipelines • 3 wells • FEED 2012 • Flow-testing • Davenport frac Discovery • Davenport & Marsden • Thick gas satur

  10. Slide 10: PEL Phase Area - Development Concept

    For personal use only PEL 96 PHASE 1 AREA - DEVELOPMENT CONCEPT • PEL 96 Phase 1 Area PEL 94 Weena Area 400-1100 PJ1 o <10km from the MAP corridor o 400-800PJ resource1 • Pad drilling development PEL 96 Phase I Area 400-800 PJ1 concept PEL 96 Phase II Area o Five “deviated” wells per 750-1650PJ1 pad

  11. Slide 11: PEL Phase I Area - Development Concept

    For personal use only PEL 96 PHASE I AREA - DEVELOPMENT CONCEPT • Fairview CSG field analogue o Depths 800-1800 metres o Net coal thickness 10-15 metres Well pad section View • PEL 96 Phase 1 Area o Depths 1500-2000 metres o Net coal thickness average 50 metres Fairview 800m -1800m Toolachee Coals E

  12. Slide 12: The Eagle Ford Shale

    For personal use only THE EAGLE FORD SHALE Leverage to the USA’s premier unconventional liquids play 11

  13. Slide 13: Eagle Ford - USA's Premier Unconventional Liquids Play

    For personal use only EAGLE FORD – USA’S PREMIER UNCONVENTIONAL LIQUIDS PLAY • Liquids Rich o Eagle Ford Shale produces high-value oil and condensate o Over-pressured formations generate strong flow rates o Superior economics to dry gas plays • Heightened Activity o 4,143 drilling permits issued in

  14. Slide 14: Bigham 1H Production Update

    For personal use only BIGHAM 1H PRODUCTION UPDATE Flatonia wells • Bigham 1H – Average daily production rates Prost Unit wells Days Oil Gas Boe (bbl/d) (Mcfd) 30 157 395 223 Bigham 1H 60 180 399 246 Berckenhoff 1H 90 183 393 249 • 2nd Eagle Ford production well Sustr 1H planned in 2nd quarter 2013 •

  15. Slide 15: Carnarvon Basin

    For personal use only CARNARVON BASIN 14

  16. Slide 16: Carnarvon Basin

    For personal use only CARNARVON BASIN • Carnarvon Basin permits o Five permits - 1200km2 (net) o Four operated by Strike WA-460-P o High working interests - average 44% Strike 33.3% • Palta prospect o 13.5 Tcf gas-in-place estimated by Strike o Approx. 20% (~2.5 Tcf) prospect mapped in WA-460-P - St

  17. Slide 17: Important Notice

    For personal use only IMPORTANT NOTICE IMPORTANT NOTICE This presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. Reliance shou

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